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Visit by Sir David King

Date : 04/21/2010 @ 2:00AM
Source : RNS Non regulatory
Stock : Afc Energy (AFC)
Quote : 26.25  -1.0 (-3.67%) @ 6:57AM
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Visit by Sir David King


 

TIDMAFC 
 
 
AFC Energy Plc 
21 April 2010 
 
? 
 
21st April 2010 
 
            SIR DAVID KING VISITS AFC ENERGY'S FUEL CELL TECHNOLOGY 
 
AFC Energy, the world's leading developer of low-cost alkaline fuel cells, has 
received a visit from former Government Chief Scientific Adviser, Sir David 
King., Sir David, who is now the Director of the Smith School of Enterprise and 
the Environment at the University of Oxford, visited AFC Energy on the 15 April 
to tour the company's site and discuss their rapidly developing fuel cell 
technology. 
 
Sir David's visit came just days after AFC announced a positive interim review 
of their technical activity from Dr. Jon Helliwell, Project Manager of Fuel Cell 
Applications at the Centre for the Process Innovation (CPI). The report 
confirmed the substantial strides the Company has made over the last 5 months as 
well as the significant headway achieved in commercialising the system and 
delivering on partner expectations. 
 
During the visit Sir David spoke about the need for radical energy solutions and 
the importance of transitional technologies: 
 
 "The biggest single challenge we're faced with globally is to move from a 
fossil fuel-based economy to fossil fuel less-society. To me, this challenge is 
the most wonderful technology, innovation, wealth creation possibility. What 
I've just seen at AFC is an exciting example of this. The alkaline fuel cell has 
the possibility to create power stations with megawatts of electricity." 
 
Sir David also spoke passionately about the possibilities with one of the 
Company's largest target markets, Underground Coal Gasification (UCG): 
 
"I think the alkaline fuel cell is virtually there and there's an immediate 
niche which is coal gasification. In North Wales and Leicestershire there are 
coal mines that are have been closed down that are inefficient for coal mining 
but all that coal is still there to be gasified and that process is what this 
alkaline fuel cell is based around. You produce hydrogen and carbon dioxide 
through the gasification process and send carbon dioxide back down into the mine 
- none is released into the atmosphere." 
 
By allowing the exploitation of previously uneconomical coal sites, UCG could 
give access in the UK to an estimated 17 billion additional tonnes of coal. AFC 
Energy has already signed an agreement with Australia's leader in clean coal 
technology Linc Energy to integrate the fuel cell system for use in Linc's 
global UCG projects. 
 
Ian Balchin, CEO of AFC Energy, commented: 
 
"Sir David's visit highlights the rapid progress that the company is making. We 
are delighted that he recognised the increasingly wide application potential of 
our low-cost fuel cell systems for clean electricity generation". 
 
Following the visit, Sir David invited AFC Energy to join leading global figures 
from the policy, business and academic communities at the 2010 World Forum on 
Enterprise and the Environment. Run jointly with The Times, the forum is a key 
event in the international environmental calendar, making an invaluable 
contribution to establishing and maintaining a sustainable global economy. 
 For further information please visit www.afcenergy.com or contact: 
+----------------------------------------+----------------------------------------+ 
| AFC Energy plc                         | Tel: +44 1483 276726                   | 
| Tim Yeo, Chairman                      |                                        | 
| Ian Balchin, Chief Executive           |                                        | 
+----------------------------------------+----------------------------------------+ 
| Madano Partnership                     | Tel: + 44 20 7593 4000                 | 
| Matthew Moth/Sarah Mylroie             |                                        | 
+----------------------------------------+----------------------------------------+ 
 
About Smith School of Enterprise and the Environment: 
The Smith School's mission is to influence and enable decision-makers in 
business and government to make well-informed decisions that address the energy, 
environment and sustainable development challenges confronting the world. It 
seeks to advance the knowledge and understanding of the role enterprise must 
play if we are to secure a sustainable, low-carbon future. 
The Smith School facilitates partnership between public and private enterprise, 
leading scientists, academics, public policy makers and organisations serving 
civil society. We are tackling critical global issues including climate change, 
energy supply and water shortage, promoting positive action from business and 
government leaders to address the challenge of sustainable development. We are 
advancing the role of enterprise in seeking low-carbon futures for all 
countries. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRADMGZDGGRGGZZ 
 

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